Virtus Advisers LLC Makes New $495,000 Investment in Kforce Inc. $KFRC

Virtus Advisers LLC bought a new position in shares of Kforce Inc. (NASDAQ:KFRC) during the 2nd quarter, Holdings Channel.com reports. The firm bought 10,559 shares of the business services provider’s stock, valued at approximately $495,000.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Kforce by 427.2% in the fourth quarter. Parallel Advisors LLC now owns 854 shares of the business services provider’s stock valued at $26,000 after buying an additional 692 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Kforce in the fourth quarter worth approximately $31,000. Global Retirement Partners LLC acquired a new position in shares of Kforce in the second quarter worth approximately $34,000. Allworth Financial LP lifted its stake in shares of Kforce by 212.3% in the fourth quarter. Allworth Financial LP now owns 1,240 shares of the business services provider’s stock worth $38,000 after acquiring an additional 843 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Kforce by 44.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 403 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group set a $59.00 target price on shares of Kforce in a research report on Tuesday, July 28th. Robert W. Baird boosted their price target on shares of Kforce from $42.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. Truist Financial upped their price objective on shares of Kforce from $38.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research lowered shares of Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.67.

Kforce Stock Performance

KFRC stock opened at $57.92 on Friday. The stock has a 50-day moving average price of $54.05 and a 200-day moving average price of $41.27. Kforce Inc. has a 1-year low of $24.49 and a 1-year high of $61.68. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.04 billion, a PE ratio of 21.61 and a beta of 0.85.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, July 27th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Kforce had a return on equity of 30.34% and a net margin of 3.59%.The company had revenue of $349.33 million for the quarter, compared to the consensus estimate of $348.11 million. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Kforce has set its Q3 2026 guidance at 0.710-0.790 EPS. As a group, equities research analysts expect that Kforce Inc. will post 2.7 earnings per share for the current year.

Kforce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.60 annualized dividend and a yield of 2.8%. Kforce’s payout ratio is 75.47%.

Kforce Profile

Kforce Inc is a professional staffing services firm headquartered in Tampa, Florida, trading on NASDAQ under the symbol KFRC. The company specializes in connecting organizations with skilled talent in technology, finance and accounting, and related business functions. Through a nationwide network of offices, Kforce partners with clients across industries to deliver both flexible contract staffing and direct hire placement solutions.

Kforce’s core offerings include temporary staffing, permanent placement, and project-based consulting engagements.